San Diego based Westcore Properties has recently closed a deal to acquire a collection of Sacramento’s industrial real estate. The purchase, valued at $600 million, includes 110 buildings amounting to 11 million square feet of space, a property portfolio put together by local developer Joe Benvenuti.
HP Deal Signals Big Corporations Back in the Business
March 17, 2011 by
Yesterday’s announcement that Hewlett-Packard has agreed a seven year deal to lease a huge 1.4 million Sq. foot distribution center in San Bernardino marks the return of big corporations to the real estate market, industry observors claim. According to Westcore Properties, the computer technology giants plan to begin operations in the Cajon Distribution Center sometime this summer, and it is hoped that more such deals will be back on the agenda soon.
